Any "Latest & Greatest" about Delta?
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Art Aaron is really impressive. After hearing him converse with other pilots and from reading his updates, he has proven to be a strategic thinker, very intelligent and creative as well.
He really should be our MEC Chairman.
Side note: On the note of "investment grade stock," how do you all feel about being given stock grants (not options) every year as added compensation? This is being kicked around again. There are some obvious flaws (diluting the shares, etc.) and some benefits.
He really should be our MEC Chairman.
Side note: On the note of "investment grade stock," how do you all feel about being given stock grants (not options) every year as added compensation? This is being kicked around again. There are some obvious flaws (diluting the shares, etc.) and some benefits.
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Some how I get the feeling that no matter what DALPA does in this contract will ever be enough and that no matter what there will always be the most vocal few here on APC that will spin everything to "I told you so"....
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It cannot be denied that you and I do the exact same job. It also cannot be denied that when I fly for one hour, I do so with at least twice the passengers and cargo that you do. That produces at least twice the revenue to the company, but my pay rate is NOT twice that of yours. It's only marginally higher based on my increased production of revenue. IF we move away from the model of small marginal pay increases based on revenue production, then you are going back to the old argument that unions used to make. That argument was that we have to be paid simply by being on the property...not based on any work I actually do. That argument is one of the reasons the public soured on unions.
I'm just not sure we should ever go back to an era where we can be accused of that by our flying public. I think it's a loser for us if we try.
Carl
I'm just not sure we should ever go back to an era where we can be accused of that by our flying public. I think it's a loser for us if we try.
Carl
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I assume you're arguing in favor of pay banding. I've had to gloss over the last ten or so pages.
Pay banding is great for guys at the junior end of the band (i.e. a junior 767 captain-- nudge, nudge). They get a pay raise, which comes at the expense of the guys at the top of the pay band, who would get a smaller raise.
Barring a pay raise, the 747/777/330/765 guys would actually need to take a pay cut to bump up the pay of the 757/767 guys.
Bad idea.
Pay banding is great for guys at the junior end of the band (i.e. a junior 767 captain-- nudge, nudge). They get a pay raise, which comes at the expense of the guys at the top of the pay band, who would get a smaller raise.
Barring a pay raise, the 747/777/330/765 guys would actually need to take a pay cut to bump up the pay of the 757/767 guys.
Bad idea.
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Art Aaron is really impressive. After hearing him converse with other pilots and from reading his updates, he has proven to be a strategic thinker, very intelligent and creative as well.
He really should be our MEC Chairman.
Side note: On the note of "investment grade stock," how do you all feel about being given stock grants (not options) every year as added compensation? This is being kicked around again. There are some obvious flaws (diluting the shares, etc.) and some benefits.
He really should be our MEC Chairman.
Side note: On the note of "investment grade stock," how do you all feel about being given stock grants (not options) every year as added compensation? This is being kicked around again. There are some obvious flaws (diluting the shares, etc.) and some benefits.
I agree, he has the brains to be Chairman if he desires to be. Not sure if he does, as I have not asked him but I agree with his strategic mindset.
As for stock grants. I have talked about this with a few reps. Grants are fine, above an acceptable level of compensation. Granted and vested immediately so that they can be sold the second they are given. Done on a semi annual basis. 20% valuation discount on current share price. Options to vest in 401K on a share by share basis. Would like to see some sort of Roth option as well.
Profit sharing needs to be tripled and paid quarterly.
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.....Delta Air's Feb. passenger revenue rose 13 pct.
Delta Air Lines says Feb. passenger revenue rose 13 percent; fuel prices climbed, too
Associated Press – 2 hours 30 minutes ago
ATLANTA (AP) -- Delta Air Lines Inc. said Friday that a key measure of revenue climbed by 13 percent in February, as occupancy rose on flights to Europe and fares across the Pacific increased.
Airlines have been seeing higher passenger revenue for each seat flown one mile in part because they've been raising fares to offset higher fuel prices. Much of the extra money paid for fares goes back out the door to buy more expensive fuel.
UBS analyst Kevin Crissey wrote that Delta's revenue increase is "indicative of continued strong demand but not rapidly accelerating pricing."
Delta also said it paid $3.35 per gallon for jet fuel in February. That suggests "importantly higher" fuel prices in the first quarter, Crissey wrote. That prompted him to predict a first-quarter loss of 17 cents per share, versus his previous expectation for a loss of 4 cents per share. Analysts surveyed by FactSet expected Delta to break even.
The February increase was about a percentage point lower than Delta had expected. Benign weather allowed it to complete 99.7 percent of its scheduled flights last month. With so few cancellations, Delta had slightly more available seats than it would have, pushing per-seat revenue down slightly.
Delta also said February traffic rose 2.6 percent from February 2011, to 12.99 billion revenue passenger miles, or one paying passenger flown one mile.
The number of passengers boarded rose 4.1 percent to 11.4 million.
Those passengers had fewer seats waiting for them compared to February 2011. Delta's capacity, measured as available seat miles, fell 1.7 percent to 16.9 billion. Domestic capacity fell 0.6 percent, while international capacity fell 3.3 percent.
With more people looking for fewer seats, occupancy rose 3.2 percentage points to 76.9 percent. The biggest jump was a 6.3 percentage point increase in occupancy on flights across the Atlantic, to 67.4 percent.
Shares of Atlanta-based Delta rose 15 cents to $9.79 in afternoon trading.
Delta Air Lines says Feb. passenger revenue rose 13 percent; fuel prices climbed, too
Associated Press – 2 hours 30 minutes ago
ATLANTA (AP) -- Delta Air Lines Inc. said Friday that a key measure of revenue climbed by 13 percent in February, as occupancy rose on flights to Europe and fares across the Pacific increased.
Airlines have been seeing higher passenger revenue for each seat flown one mile in part because they've been raising fares to offset higher fuel prices. Much of the extra money paid for fares goes back out the door to buy more expensive fuel.
UBS analyst Kevin Crissey wrote that Delta's revenue increase is "indicative of continued strong demand but not rapidly accelerating pricing."
Delta also said it paid $3.35 per gallon for jet fuel in February. That suggests "importantly higher" fuel prices in the first quarter, Crissey wrote. That prompted him to predict a first-quarter loss of 17 cents per share, versus his previous expectation for a loss of 4 cents per share. Analysts surveyed by FactSet expected Delta to break even.
The February increase was about a percentage point lower than Delta had expected. Benign weather allowed it to complete 99.7 percent of its scheduled flights last month. With so few cancellations, Delta had slightly more available seats than it would have, pushing per-seat revenue down slightly.
Delta also said February traffic rose 2.6 percent from February 2011, to 12.99 billion revenue passenger miles, or one paying passenger flown one mile.
The number of passengers boarded rose 4.1 percent to 11.4 million.
Those passengers had fewer seats waiting for them compared to February 2011. Delta's capacity, measured as available seat miles, fell 1.7 percent to 16.9 billion. Domestic capacity fell 0.6 percent, while international capacity fell 3.3 percent.
With more people looking for fewer seats, occupancy rose 3.2 percentage points to 76.9 percent. The biggest jump was a 6.3 percentage point increase in occupancy on flights across the Atlantic, to 67.4 percent.
Shares of Atlanta-based Delta rose 15 cents to $9.79 in afternoon trading.
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..........
Pay banding is great for guys at the junior end of the band (i.e. a junior 767 captain-- nudge, nudge). They get a pay raise, which comes at the expense of the guys at the top of the pay band, who would get a smaller raise.
Barring a pay raise, the 747/777/330/765 guys would actually need to take a pay cut to bump up the pay of the 757/767 guys.
Bad idea.
Pay banding is great for guys at the junior end of the band (i.e. a junior 767 captain-- nudge, nudge). They get a pay raise, which comes at the expense of the guys at the top of the pay band, who would get a smaller raise.
Barring a pay raise, the 747/777/330/765 guys would actually need to take a pay cut to bump up the pay of the 757/767 guys.
Bad idea.
Of course one of the problems with this model being that there will always be pilots on the bigger equipment complaining that they are underpaid (as we have seen voiced here)
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Art Aaron is really impressive. After hearing him converse with other pilots and from reading his updates, he has proven to be a strategic thinker, very intelligent and creative as well.
He really should be our MEC Chairman.
Side note: On the note of "investment grade stock," how do you all feel about being given stock grants (not options) every year as added compensation? This is being kicked around again. There are some obvious flaws (diluting the shares, etc.) and some benefits.
He really should be our MEC Chairman.
Side note: On the note of "investment grade stock," how do you all feel about being given stock grants (not options) every year as added compensation? This is being kicked around again. There are some obvious flaws (diluting the shares, etc.) and some benefits.
![tsquare is offline](https://www.airlinepilotforums.com/images/statusicon/user_offline.gif)
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Art Aaron is really impressive. After hearing him converse with other pilots and from reading his updates, he has proven to be a strategic thinker, very intelligent and creative as well.
He really should be our MEC Chairman.
Side note: On the note of "investment grade stock," how do you all feel about being given stock grants (not options) every year as added compensation? This is being kicked around again. There are some obvious flaws (diluting the shares, etc.) and some benefits.
He really should be our MEC Chairman.
Side note: On the note of "investment grade stock," how do you all feel about being given stock grants (not options) every year as added compensation? This is being kicked around again. There are some obvious flaws (diluting the shares, etc.) and some benefits.
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I know the old heads have read my rant on profit sharing.......it's a con job to make you "feel" part of the living organism we call Delta. But at least it's given out at the whim of the accountants. Ohhhhhhh just had a thought, is that why our CFO is going to spend more time with his family? He paid out too much in profit sharing?
Ferd
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